in straight line method the amount to be depreciated remains constant where as in written down method the amount to be depreciated decreases by each passing year
Latest Answer : In Revaluation Method,the amount of depreciation at the end will be deducted from the beginning Eg. Bottles,Tools.....In sinking fund method, the amount of depreciation will be invested outside the business & this will be used for Replacement of Asstes,Buying ...
Latest Answer : Following are the steps:1.First activate the Dep areas(book & tax) in asset class.2.Assigng Dep key to Dep Areas either at Asset class level or Asset master data level.3.Assign Screen layout to dep areas.4.Determine how Dep Areas post to general ledger.5.Assign ...
I need simple example for all depreciation methods.Thank you so muchYousry NasrEmail yousrynasr@hotmail.com
Latest Answer : 1. Fixed Instalment method 2. Written down value method3. Annuity method4. Sinking fund method5. Machine hour rate method6. Production units method7. Accelerated method ...
Explain the nature and accounting treatment for fixed asset.
Latest Answer : Once the asset is purchased it is recorded in the books of accounts by using money measurement concept. It takes in to account only the expenditure incurred for purchasing the asset.As per the company procedures depreciation will be calculated. Depreciation ...
Which are the methods of depreciation?
Latest Answer : Types of Depreciation
1) Straight Line Method
2) Written down value method
Straight Line Depreciation Calculation
(Purchase Price of Asset - Approximate Salvage Value) ÷ Estimated Useful
Life of Asset
Example: You buy a new computer for your ...
Annuity Method Sinking Method Machine Hour Method Production Unit Method.